January 31, 2024
BEOSIN Safeguards Financial Innovation: Leading Smart Contract Audit Enhances GF Securities (Hong Kong)'s SFC-compliant Tokenized Bond on ABT’s Platform
BEOSIN TECHNOLOGY PTE. LTD., a leading provider of blockchain security solutions, proudly announces a ground-breaking achievement by its client, GF Securities (Hong Kong), a distinguished financial institution. This momentous occasion marks GF Securities (Hong Kong) as the first major Chinese brokerage financial institution to mint, issue and distribute self-created financial assets. Moreover, this achievement signifies a key milestone — the first non-custodial wallet institutional tokenization use-case on a public blockchain in Hong Kong, powered by ABT Tech Limited's proprietary "Public Permissioned System."
BEOSIN took a leading role in ensuring the security, reliability, and business logic correctness of the smart contracts underpinning GF Securities (Hong Kong)'s ground-breaking initiative. Leveraging formal verification technology, our comprehensive audit services guarantee the consistency between code and business logic, offering a robust security foundation for the tokenization of RWAs.
BEOSIN TECHNOLOGY PTE. LTD. remains steadfast in its commitment to advancing the adoption of secure and innovative blockchain solutions. Our collaboration with GF Securities (Hong Kong) and ABT Tech Limited demonstrates our dedication to enhancing the security and integrity of blockchain-based financial products.
About GF Holdings (Hong Kong) Corporation Limited (“GF Holdings (Hong Kong)”)
GF Holdings (Hong Kong) is a wholly-owned subsidiary of GF Securities Co. Ltd (stock code: 000776.SZ, 1776.HK). Its subsidiaries provide comprehensive financial services including brokerage and wealth management, corporate finance, asset management and investment management to global clients. Leveraging on parent company’s competitive advantages, GF Holdings (Hong Kong) strives to capture opportunities and build an international platform. GF Securities (Hong Kong) Brokerage Limited (“GF Securities (Hong Kong) Brokerage”), a wholly-owned subsidiary of GF Holdings (Hong Kong), is licensed with the Securities and Futures Commission in Hong Kong to carry on Type 1 regulated activity (dealing in securities) and Type 4 regulated activity (advising on securities) as stipulated in the Securities and Futures Ordinance, CE No. is AOB364.
About BEOSIN TECHNOLOGY PTE. LTD
Beosin (https://beosin.com/aboutus) is a leading global blockchain security company co-founded by professors from world-renowned universities and there are 40+ PhDs in the team. It has offices in Singapore, Hong Kong, Japan and other 10+ countries and regions. With the mission of "Securing Blockchain Ecosystem", Beosin provides "All-in-One" blockchain security solution covering Smart Contract Audit, On-chain Risk Monitoring & Alert, KYT AML, and Crypto Tracing. Beosin has already audited more than 3000 smart contracts including famous Web3 projects PancakeSwap, DODO, DeBox and Ankr and all of them are monitored by Beosin EagleEye. The KYT AML are serving 100+ institutions including Hashkey, Cobo, OpenBlock, Aegis and Celer.
About ABT Tech Limited
ABT Tech Limited (www.abtx.io) is an end-to-end tokenization and infrastructure solution provider for Real World Assets (RWA). The company, founded by a group of mathematical PhDs, specialises in translating complex regulatory and compliance processes into elegant logic and smart contracts. In 2022, ABT conducted the issuance of the first gold-backed token for a subsidiary of “The Chinese Gold & Silver Exchange”, Hong Kong's only physical Gold Exchange, showcasing its top-tier expertise and blockchain infrastructure. ABT also provides institutional-grade tokenization solutions for other asset classes, including debts, funds and stablecoins. The company offers modular architectures, including Issuance, Transfer, Cap-Table Management Tools, Client Portfolio Management Systems, , and regulatory compliant Wallet Solutions. ABT’s award-winning solutions empower clients to harness the benefits of cutting-edge technologies, enhancing operational efficiency, improving liquidity, and ensuring compliance and control. As a registered Market Maker of CME and EUREX, ABT’s affiliate team offers Liquidity Providing capability in both traditional and digital exchanges across tokenized RWAs and their underlying assets, covering a diverse range from Securities Tokens to Commodities, such as Gold.
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